OPEN-SOURCE SCRIPT

Porcupine

6 086
Displays "spike days" by colouring the bars (Default: yellow for a Spike High and blue for a Spike Low)

Spike Day's definition taken from Jack D Schwager's Book: A Complete Guide to the Futures Market: Technical Analysis, Trading Systems, Fundamental Analysis, Options, Spreads, and Trading Principles


A spike is:
  • A wide difference between the spike high and the highs of the preceding and succeeding days.
  • A close near the low of the day's range.
  • A substantial price advance preceding the spike's formation.



The more extreme each of these conditions, the greater the likelihood that a spike high will prove to be an important relative high or even a major top.

(inverse is true for lows, basically)


Enjoy!

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.